This property looks like a bad Long-Term investment with a projected -26.11% first-year return on $466k initial cash invested.
-26.11%
Cash On Cash
1.24%
Cap Rate
0.19
DSCR
$5,845
Rent
-$10,134
Cashflow
Cash Flow
$5,845 income − $15,979 expenses = $10,134 out of pocket
Investment Breakdown
|
Purchase Price
$2218k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$466k
Downpayment
20%
$444k
Closing costs
1%
$22,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,845
Total Expenses
$15,979
Mortgage P&I
207%
$12,127
Property Taxes
29%
$1,721
Home Insurance
10%
$612
HOA
0%
$0
Property Management
10%
$584
CapEx
5%
$292
Vacancy
6%
$351
Maintenance
5%
$292
Other
0%
$0